Banks, NBFIs dominate DSE’s weekly gainer chart
Due to the public holiday for Durga Puja, trading at the DSE was held for only three days instead of the usual five. As a result, total turnover declined to Tk1,860 crore from Tk2,918 crore
After a steep decline, some banks and non-bank financial institutions (NBFIs) listed on the country's prime bourse saw price appreciation in the outgoing week, dominating the gainer chart.
According to the Dhaka Stock Exchange (DSE) data, in terms of price increase, eight banks and NBFIs ranked among the top 10 gainers, topping the chart.
Meanwhile, two firms – Kay & Que and National Feed Mills from the manufacturing sector – have also taken place in the gainer chart.
Due to the public holiday for Durga Puja, trading at the DSE was held for only three days instead of the usual five. As a result, total turnover declined to Tk1,860 crore from Tk2,918 crore.
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However, average daily turnover rose by 6.23% to Tk620 crore, according to the DSE report.
DSEX, the benchmark index of the DSE, and the DSE Shariah Index closed flat, while DS30, the blue-chip index, declined by 21 points.
As per DSE data, First Security Islami Bank, categorised as an 'A' category stock, topped the weekly gainer chart with a 30% rise to Tk2.60, up from Tk2 in the previous week.
The other top gainers included Social Islami Bank, which gained 29.41% to Tk4.40 each; Exim Bank, up 29.04% to Tk4 each; Global Islami Bank, up 20% to Tk1.80 each; and Union Bank, which rose 18.75% to Tk1.90 each.
Among NBFIs, People's Leasing and Financial Services gained 18.18% to Tk1.30 each, First Finance rose 17.39% to Tk2.70 each, and Fareast Finance advanced 16.67% to Tk1.40 each, according to DSE data.
Top traded stocks
According to the DSE, some 'A' category stocks, which pay over 10% dividend, and 'B' category stocks, which pay below 10% dividend, were among the top traded shares.
Of the 10 most traded stocks, eight belonged to the 'A' category and two to the 'B' category, the DSE report showed.
Among the top traded stocks, BRAC Bank led the chart with an average turnover of Tk28.48 crore, contributing 4.59% to the DSE's total turnover.
Followed by Orion Infusion, which contributed 3.89% in total turnover, Summit Alliance Port with 3.74%, Sonali Paper and Board Mills with 3.56%, and Kahn Brother PP Woven Bag contributed 2.93% in the total weekly turnover.
Weekly losers
Walton Hi-Tech Industries PLC topped the losers' list as its share price fell by 10.16% to Tk419.90 each, mainly due to stock dividend adjustment.
The local electronics giant approved its previously recommended 175% cash and 10% stock dividend for FY2024-25, with the stock dividend aimed at financing its Lithium-Ion Battery Project.
Other major losers included DBH First Mutual Fund, down 7.58%; Tallu Spinning Mills, down 7.58%; Intech Ltd, down 7.57%; and E-Generation, down 6.83%.
